Reverse Mortgages in Toronto, ON

Use a reverse mortgage to pay for homecare and home accessibility renovation expenses to age-in-place.

For senior homeowners in Toronto, planning for the costs of care as you age can be challenging. While most older Canadians would prefer to remain at home in their retirement years, private care can be a very expensive option.

If you are planning to remain at home with in-home care, modifications may also need to be made to your home. Accessibility renovations including ramps, stairlifts, and other devices, as well as safety features in bathrooms and other areas within the home can be costly. 

Reverse mortgages are available to 55+ Canadians enabling them to access up to 55% of the value of their homes. Bloom reverse mortgage customers continue to own and live in their homes and reverse mortgages require no regular payments.

With significant price appreciation in homes across Ontario in recent years, many senior homeowners have substantially more resources available to them than they realize. Equity in the home can be a great solution to fund costly later-life expenses like homecare and home accessibility renovations.

A reverse mortgage can also be an ideal solution to cover the costs associated with assisting living, memory care or long-term care when needed for a spouse while allowing the other partner to remain in the home.

Reverse mortgages can also be used for wellness, travel, and even to allow you the ability to provide a living inheritance for a family member. The funds are tax-free and can be used as you wish to help you stay in the home you love.

Could a reverse mortgage be the right solution for you or a loved one? Call a Bloom Customer Advocate or visit our website to learn whether this option could work for you.

Brokerage Licensed in ON #13338, BC #MB600455

The Resident Safety Program by Hughes Intelligence is a comprehensive and specialized program designed to support Long-Term Care Facilities. Our dedicated professionals are trained in a range of specialized areas, including behaviour-based training for residents living with Alzheimer's and Dementia, personnel support, respiratory protection and fit testing, COVID screening and testing, 1:1 services for residents with high-intensity needs, and dining and cleaning services. We are dedicated to providing high-quality support to help facilities provide the best possible care for their residents. 

In addition to providing personnel for key roles, we also offer a range of services to support Long-Term Care Facilities. These include active access control and screening to manage infectious outbreaks, redirection and behaviour response, escort services for residents, assistance with feeding, and support for exercise and life enrichment activities.

Hughes Intelligence can assist facilities with accessing High-Intensity Needs Funding (HINF) programs. We have the expertise to guide you through the process and help you access the support you need. 

If you would like to learn more about our Resident Safety Program and how it can support your facility, please don't hesitate to contact us.

The Lifestyle 55+ Master’s, SRES (Senior Real Estate Specialists) and CPCA (Certified Professional Consultant on Aging) designations are signs that your REALTOR® has the training, skill set, and dedication that is required when working with mature and senior clients. The needs of this clientele are different from other types of real estate, whether relating to the need for information on available housing options or, government loans & grant programs to help you stay in your home.

Work with an agent who specializes in helping seniors and has connections with a network of transition experts. Magda is a Lifestyle 55+ Master or ‘transition specialist’— one of 30 in Canada with this specialization. Magda saves families time and money and ensures a stress-free transition by providing A to Z services. These include a full-service property sale and arrangement of professional assistance, including legal, financial, accounting and more. Magda has access to a Network of Exceptional Specialists who specialize in Canadian tax laws. estate planning, wills, trusts, capital gains, and other options.

Contact Magda for a complimentary consultation. 

Many professionals have had to (by choice or circumstance) incorporate working with seniors into their practice in recent years, and many businesses old and new, aim to target seniors as part, or all of, their service provision. The best way for professionals and businesses to tap into this market in order to solve a problem their potential older customer has is to gain knowledge, have access to supporting resources, be part of a larger organization, and learn to market to their target client. There are service providers with excellent training and education within their industry, however many are not aware of niche educational opportunities, or the benefits of this type of education when working with their older clients. We offer unique programs designed for any professional who wants to start working with seniors, or who wants/needs to have more knowledge and focus when they work with older adults. Our experienced facilitators run the interactive course over Zoom over a 3-week period (1/2 a day/week). To register for our next course, or find out more visit our Training page.

Some of the services we train are:  REALTORS®  - Lawyers - Fianancial Services - Downsizers - Movers - Declutters - Therapists - Junk removal - Storage - Retirement Homes - Home care providers - Age in place - Mobility and more...

We offer a person-centred consulting program providing seniors and their families an opportunity to find guidance and assistance in managing resources and locating options.  The SCA Consulting Program is meant to assist seniors and their families in discovering what solutions are available to meet their needs and goals. SCA Consultants can offer a multitude of services such as lifestyle planning, best choice retirement home placement, mediation, care planning, real estate, estate planning, financial preservation, and more, basically being the first point of assistance in answering the questions of ‘What do we do? and Who can help us?’. Having a support system in place early on can save you time, money, and frustration.  Improve your quality of life!  Take the first step by calling or emailing us NOW! Professional referrals are welcome.